Verizon announces CEO succession plan

Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced that its Board of Directors has named Hans E. Vestberg, Executive Vice President and President of Global Networks and Chief Technology Officer, to succeed Lowell C. McAdam as CEO, effective August 1, 2018.

In the aftermath of this weekend's historic flooding in Ellicott City, Maryland, Verizon is supporting residents, business owners, and first responders in local recovery efforts by waiving billing, bringing in additional network equipment, and offering free device charging.